Forecast: Import of Works of Art, Collectors Pieces and Antiques to Malaysia

In 2023, the import of works of art, collectors' pieces, and antiques to Malaysia stood at 20 million US Dollars. The forecast data for the years 2024 through 2028 indicate a steady increase in imports, with values reaching 22.537 million US Dollars by 2028. This represents a consistent year-on-year increase, with an average Compound Annual Growth Rate (CAGR) of approximately 2.5% over the five-year period.

Trends to watch for include:

  • Increasing global interest in Southeast Asian art and antiques, which may drive higher imports.
  • Government policies favoring the art sector, potentially influencing import dynamics.
  • The impact of digital platforms in expanding the market reach, boosting import activity.